Richard Pzena ranks companies from the cheapest to the most expensive on the basis of current share price to normal long-term earnings power. He purchases shares in good businesses that are selling at a low price. These are the details of the buys and sells during the fourth quarter of 2007. Richard Pzena owns 131 stocks with a total value of $21.1 billion.

Richard Pzena added to his holdings in Freddie Mac by 45%. His purchase prices were between $26.25 and $60.13, with an estimated average price of $40.5. The impact to his portfolio due to this purchase was 1.49%. His holdings were 29,661,962 shares as of 12/31/2007.

Freddie Mac has a market cap of $19.19 billion; its shares were traded at around $29.7 with P/S ratio of 9.60. The dividend yield of Freddie Mac stocks is 3.4%.

Richard Pzena added to his holdings in Fannie Mae by 46.22%. His purchase prices were between $31.86 and $64.8, with an estimated average price of $44.8. The impact to his portfolio due to this purchase was 1.35%. His holdings were 22,527,099 shares as of 12/31/2007.

Fannie Mae provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. Fannie Mae has a market cap of $30.44 billion; its shares were traded at around $31.12 with a P/E ratio of 18.83 and P/S ratio of 5.92. The dividend yield of Fannie Mae stocks is 4.4%.

Richard Pzena added to his holdings in Citigroup Inc. by 31.52%. His purchase prices were between $28.95 and $46.71, with an estimated average price of $35.1. The impact to his portfolio due to this purchase was 1.05%. His holdings were 31,331,828 shares as of 12/31/2007.

Citigroup, Inc., a multibank holding company, provides various financial services to customers in the United States and internationally. The company's Global Consumer segment offers banking, lending, insurance, and investment services. Citigroup Inc. has a market cap of $130.01 billion; its shares were traded at around $26.03 with a P/E ratio of 36.30 and P/S ratio of 2.07. The dividend yield of Citigroup Inc. stocks is 4.8%.

Richard Pzena added to his holdings in Capital One Financial Corp. by 22.28%. His purchase prices were between $46.22 and $70.31, with an estimated average price of $54.8. The impact to his portfolio due to this purchase was 0.54%. His holdings were 13,334,882 shares as of 12/31/2007.

Capital One Financial Corporation operates as the holding company for the Capital One Bank and Capital One, F.S.B, which offer various commercial banking services in the United States. Capital One Financial Corp. has a market cap of $18.25 billion; its shares were traded at around $48.98 with a P/E ratio of 12.34 and P/S ratio of 1.56. The dividend yield of Capital One Financial Corp. stocks is 0.2%.

Richard Pzena added to his holdings in Popular Inc. by 1272.63%. His purchase prices were between $9.11 and $12.07, with an estimated average price of $10.1. The impact to his portfolio due to this purchase was 0.36%. His holdings were 7,769,751 shares as of 12/31/2007.

Popular, Inc., through its subsidiaries, provides a range of financial products and services in Puerto Rico, the United States, the Caribbean, and Latin America. Popular Inc. has a market cap of $3.61 billion; its shares were traded at around $12.89 with P/S ratio of 2.27. The dividend yield of Popular Inc. stocks is 4.5%.

Richard Pzena added to his holdings in Bank of America Corp. by 10.21%. His purchase prices were between $41.1 and $51.32, with an estimated average price of $44.6. The impact to his portfolio due to this purchase was 0.25%. His holdings were 13,569,580 shares as of 12/31/2007.

Bank of America Corp. has a market cap of $187.1 billion; its shares were traded at around $42.16 with a P/E ratio of 12.61 and P/S ratio of 3.32. The dividend yield of Bank of America Corp. stocks is 6.5%.

Richard Pzena added to his holdings in Morgan Stanley by 13.51%. His purchase prices were between $49.6 and $66.86, with an estimated average price of $55.7. The impact to his portfolio due to this purchase was 0.22%. His holdings were 7,308,436 shares as of 12/31/2007.

Morgan Stanley, through its subsidiaries and affiliates, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $47.71 billion; its shares were traded at around $43.19 with a P/E ratio of 14.50 and P/S ratio of 1.77. The dividend yield of Morgan Stanley stocks is 2.2%.

Richard Pzena added to his holdings in IMS Health Inc. by 75.54%. His purchase prices were between $22.35 and $29.91, with an estimated average price of $24.2. The impact to his portfolio due to this purchase was 0.19%. His holdings were 3,989,797 shares as of 12/31/2007.

IMS Health Incorporated provides information solutions to the pharmaceutical and healthcare industries worldwide. It offers sales territory reporting services for various applications, such as sales-force compensation, resource allocation. IMS Health Inc. has a market cap of $4.5 billion; its shares were traded at around $23.54 with a P/E ratio of 19.98 and P/S ratio of 2.09. The dividend yield of IMS Health Inc. stocks is 0.6%.

Richard Pzena added to his holdings in JPMorgan Chase & Co. by 31.82%. His purchase prices were between $41.58 and $46.91, with an estimated average price of $44.1. The impact to his portfolio due to this purchase was 0.16%. His holdings were 3,222,003 shares as of 12/31/2007.

JPMorgan Chase & Co., through its subsidiaries, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities. JPMorgan Chase & Co. has a market cap of $147.56 billion; its shares were traded at around $43.82 with a P/E ratio of 10.00 and P/S ratio of 2.35. The dividend yield of JPMorgan Chase & Co. stocks is 3.5%.

Richard Pzena added to his holdings in AmerisourceBergen Corp. by 6.3%. His purchase prices were between $42.83 and $45.89, with an estimated average price of $44.5. The impact to his portfolio due to this purchase was 0.14%. His holdings were 11,018,935 shares as of 12/31/2007.

AmerisourceBergen Corporation, a pharmaceutical services company, offers drug distribution and related services to healthcare providers and pharmaceutical manufacturers in the United States, the United Kingdom, and Canada. AmerisourceBergen Corp. has a market cap of $7.48 billion; its shares were traded at around $45.33 with a P/E ratio of 17.95 and P/S ratio of 0.11. The dividend yield of AmerisourceBergen Corp. stocks is 0.7%.

Richard Pzena added to his holdings in Lowe's Companies Inc. by 1969.34%. His purchase prices were between $22.18 and $28.74, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,115,372 shares as of 12/31/2007.

Lowe's Companies, Inc. and its subsidiaries operate as a home improvement retailer in the United States and Canada. The company offers a range of products and services for home decoration, maintenance, repair, remodeling, and property maintenance. Lowe's Companies Inc. has a market cap of $34.53 billion; its shares were traded at around $23.61 with a P/E ratio of 11.95 and P/S ratio of 0.73. The dividend yield of Lowe's Companies Inc. stocks is 1.3%.

Richard Pzena added to his holdings in AlcatelLucent by 2.86%. His purchase prices were between $7.23 and $9.96, with an estimated average price of $8.3. The impact to his portfolio due to this purchase was 0.1%. His holdings were 104,601,363 shares as of 12/31/2007.

Alcatel-Lucent provides solutions that enable service providers, enterprises, and governments to deliver voice, data, and video communication services to end-users worldwide. AlcatelLucent has a market cap of $13.55 billion; its shares were traded at around $6 with P/S ratio of 0.59. The dividend yield of AlcatelLucent stocks is 5.7%.

Richard Pzena added to his holdings in Mitsubishi UFJ Financial Group Inc. by 53597.2%. His purchase prices were between $8.25 and $10.71, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.08%. His holdings were 1,919,675 shares as of 12/31/2007.

Mitsubishi UFJ Financial Group, Inc. and its subsidiaries provide various financial services to retail and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group Inc. has a market cap of $18.62 T million; its shares were traded at around $8.67 with P/S ratio of 451.59.

Richard Pzena added to his holdings in Argonaut Group Inc. by 121.27%. His purchase prices were between $44.96 and $45.41, with an estimated average price of $45.2. The impact to his portfolio due to this purchase was 0.07%. His holdings were 652,060 shares as of 12/31/2007.

Argo Group International Holdings, Ltd., through its subsidiaries, underwrites specialty insurance and reinsurance products in the property and casualty market. Argonaut Group Inc. has a market cap of $1.22 billion; its shares were traded at around $39.82 with a P/E ratio of 9.32 and P/S ratio of 1.25.

Richard Pzena added to his holdings in Jones Apparel Group Inc. by 178.16%. His purchase prices were between $16.25 and $20.26, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 0.06%. His holdings were 1,280,574 shares as of 12/31/2007.

Jones Apparel Group, Inc. engages in the design, marketing, and wholesale of apparel, footwear, and accessories primarily in the United States and Canada. Jones Apparel Group Inc. has a market cap of $1.3 billion; its shares were traded at around $15.26 with a P/E ratio of 12.24 and P/S ratio of 0.29. The dividend yield of Jones Apparel Group Inc. stocks is 3.7%.

Richard Pzena added to his holdings in Griffon Corp. by 24.29%. His purchase prices were between $12.07 and $15.45, with an estimated average price of $13.6. The impact to his portfolio due to this purchase was 0.03%. His holdings were 2,283,222 shares as of 12/31/2007.

Griffon Corporation, together with its subsidiaries, operates as a manufacturing company in the United States, Germany, the United Kingdom, Canada, and Poland. Griffon Corp. has a market cap of $284.88 million; its shares were traded at around $9.48 with a P/E ratio of 23.70 and P/S ratio of 0.19.

Richard Pzena added to his holdings in Wachovia Corp. by 48.77%. His purchase prices were between $38.05 and $49.86, with an estimated average price of $42.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 47,050 shares as of 12/31/2007.

Wachovia Corporation, a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Wachovia Corp. has a market cap of $67.82 billion; its shares were traded at around $34.6 with a P/E ratio of 10.60 and P/S ratio of 2.36. The dividend yield of Wachovia Corp. stocks is 7%.

Richard Pzena initiated holdings in Tyco Electronics Ltd.. His purchase prices were between $32.43 and $37.64, with an estimated average price of $35.8. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,898,599 shares as of 12/31/2007.

Richard Pzena initiated holdings in LM Ericsson Telephone Company. His purchase prices were between $23.3 and $41.19, with an estimated average price of $27.6. The impact to his portfolio due to this purchase was 0.26%. His holdings were 2,318,443 shares as of 12/31/2007.

LM Ericsson Telephone Company and its subsidiaries provide communications networks, related services, and handset technology platforms for mobile and fixed network operators worldwide. LM Ericsson Telephone Company has a market cap of $32.26 billion; its shares were traded at around $20.29 with a P/E ratio of 9.66 and P/S ratio of 1.10.

Richard Pzena initiated holdings in MI Developments Inc. Surbordinate. His purchase prices were between $27.79 and $33.51, with an estimated average price of $30. The impact to his portfolio due to this purchase was 0.12%. His holdings were 921,800 shares as of 12/31/2007.

MI Developments, Inc. engages in the acquisition, ownership, development, management, and lease of industrial and commercial properties. Its property portfolio primarily comprises heavy industrial manufacturing facilities, light industrial properties. MI Developments Inc. Surbordinate has a market cap of $1.14 billion; its shares were traded at around $24.03 with a P/E ratio of 20.56 and P/S ratio of 1.27. The dividend yield of MI Developments Inc. Surbordinate stocks is 2.6%.

Richard Pzena initiated holdings in Conseco Inc.. His purchase prices were between $12.17 and $15.84, with an estimated average price of $13.7. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,759,825 shares as of 12/31/2007.

Conseco, Inc., through its subsidiaries, engages in the development, marketing, and administration of supplemental health insurance, annuity, individual life insurance, and other insurance products in the United States. Conseco Inc. has a market cap of $2.23 billion; its shares were traded at around $11.99 with P/S ratio of 0.50.

Richard Pzena initiated holdings in ROYAL BANK ADS. His purchase prices were between $8.54 and $10.84, with an estimated average price of $9.5. The impact to his portfolio due to this purchase was 0.08%. His holdings were 1,988,950 shares as of 12/31/2007.

No business summary available for RBS. ROYAL BANK ADS has a market cap of $ million; its shares were traded at around $0 .

Richard Pzena initiated holdings in ING GROEP N.V.. His purchase prices were between $37.42 and $45.99, with an estimated average price of $40.7. The impact to his portfolio due to this purchase was 0.08%. His holdings were 410,325 shares as of 12/31/2007.

ING Groep N.V. operates as a financial services company. The company offers life insurance products, which consist of policies written for both individual and group customers, such as endowment, term, whole life, and unit linked insurance policies. ING GROEP N.V. has a market cap of $66.48 billion; its shares were traded at around $29.88 with a P/E ratio of 5.06 and P/S ratio of 0.35. The dividend yield of ING GROEP N.V. stocks is 5.5%.

Richard Pzena initiated holdings in Carter's Inc.. His purchase prices were between $18.91 and $22.7, with an estimated average price of $20.9. The impact to his portfolio due to this purchase was 0.07%. His holdings were 815,248 shares as of 12/31/2007.

Carter's, Inc. markets apparel for babies and young children in the United States. It offers baby and sleepwear products, play clothes, and accessories under the brand names of ‘Carter's' and ‘OshKosh'. Carter's Inc. has a market cap of $1.14 billion; its shares were traded at around $19.68 with P/S ratio of 0.80.

Richard Pzena initiated holdings in HSBC Holdings plc. His purchase prices were between $83.89 and $95.9, with an estimated average price of $88.4. The impact to his portfolio due to this purchase was 0.07%. His holdings were 165,700 shares as of 12/31/2007.

No business summary available for HBC. HSBC Holdings plc has a market cap of $ million; its shares were traded at around $71.44 . The dividend yield of HSBC Holdings plc stocks is 4.5%.

Richard Pzena initiated holdings in Eli Lilly and Company. His purchase prices were between $50.79 and $58.06, with an estimated average price of $53.4. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 11,950 shares as of 12/31/2007.

Eli Lilly and Company engages in the discovery, development, manufacture, and sale of pharmaceutical products in the United States, Puerto Rico, and internationally. Eli Lilly and Company has a market cap of $54.87 billion; its shares were traded at around $50.23 with a P/E ratio of 18.56 and P/S ratio of 3.00. The dividend yield of Eli Lilly and Company stocks is 3.7%.

Richard Pzena initiated holdings in Cardinal Health Inc.. His purchase prices were between $56.86 and $66.77, with an estimated average price of $61. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,475 shares as of 12/31/2007.

Cardinal Health, Inc. provides products and services to the healthcare industry. The company's Healthcare Supply Chain Services-Pharmaceutical segment distributes various branded and generic pharmaceutical products, over-the-counter healthcare professionals. Cardinal Health Inc. has a market cap of $21.55 billion; its shares were traded at around $60.44 with a P/E ratio of 14.94 and P/S ratio of 0.24. The dividend yield of Cardinal Health Inc. stocks is 0.9%.

Richard Pzena initiated holdings in Intuit Inc.. His purchase prices were between $29.17 and $32.7, with an estimated average price of $30.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 21,475 shares as of 12/31/2007.

Intuit, Inc. provides business and financial management solutions for small and medium sized businesses, financial institutions, and accounting professionals in the United States and internationally. Intuit Inc. has a market cap of $9.9 billion; its shares were traded at around $29.75 with a P/E ratio of 22.00 and P/S ratio of 3.52.

Richard Pzena initiated holdings in The Shaw Group Inc.. His purchase prices were between $59.29 and $74.58, with an estimated average price of $65.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 303 shares as of 12/31/2007.

The Shaw Group, Inc. offers engineering, technology, construction, fabrication, environmental, and industrial services to various companies worldwide. The Fossil and Nuclear segment provides project-related services, including design, engineering. The Shaw Group Inc. has a market cap of $4.68 billion; its shares were traded at around $56.11 with P/S ratio of 0.74.

Richard Pzena initiated holdings in XTO Energy Inc.. His purchase prices were between $49.37 and $53.56, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 156 shares as of 12/31/2007.

XTO Energy, Inc. and its subsidiaries engage in the acquisition, development, exploitation, and exploration of producing oil and gas properties in the United States. XTO Energy Inc. has a market cap of $26.09 billion; its shares were traded at around $53.95 with a P/E ratio of 15.39 and P/S ratio of 4.84. The dividend yield of XTO Energy Inc. stocks is 1%.

Richard Pzena initiated holdings in Autoliv Inc.. His purchase prices were between $53.19 and $63.56, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 342 shares as of 12/31/2007.

Autoliv, Inc., through its subsidiaries, engages in the development, manufacture, and supply of automotive safety systems to automotive industry worldwide. Autoliv Inc. has a market cap of $3.71 billion; its shares were traded at around $50.22 with a P/E ratio of 13.66 and P/S ratio of 0.55. The dividend yield of Autoliv Inc. stocks is 3.3%.

Richard Pzena reduced to his holdings in Johnson & Johnson by 26.26%. The impact to his portfolio due to this sale was 2.3%. Richard Pzena still held 9,205,125 shares as of 12/31/2007.

Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has a market cap of $179.22 billion; its shares were traded at around $62.03 with a P/E ratio of 17.07 and P/S ratio of 2.97. The dividend yield of Johnson & Johnson stocks is 2.7%.

Richard Pzena reduced to his holdings in The TJX Companies Inc. by 21.98%. The impact to his portfolio due to this sale was 2.21%. Richard Pzena still held 19,835,090 shares as of 12/31/2007.

The TJX Companies, Inc. operates as an off-price retailer of apparel and home fashions in the United States and internationally. The company sells family apparel and home fashions through its T.J. The TJX Companies Inc. has a market cap of $13.26 billion; its shares were traded at around $30.34 with a P/E ratio of 21.13 and P/S ratio of 0.75. The dividend yield of The TJX Companies Inc. stocks is 1.2%.

Richard Pzena reduced to his holdings in CA Inc. by 26.14%. His sale prices were between $24.45 and $27.14, with an estimated average price of $25.8. The impact to his portfolio due to this sale was 1.88%. Richard Pzena still held 19,987,436 shares as of 12/31/2007.

CA, Inc. provides information technology (IT) management software worldwide. Its solutions include CA Project & Portfolio Management providing views into an organization's investments, initiatives, and resources; CA IT Asset & Financial. CA Inc. has a market cap of $12.36 billion; its shares were traded at around $24.07 with a P/E ratio of 31.59 and P/S ratio of 2.94. The dividend yield of CA Inc. stocks is 0.7%.

Richard Pzena reduced to his holdings in Northrop Grumman Corp. by 21.66%. The impact to his portfolio due to this sale was 1.62%. Richard Pzena still held 5,274,892 shares as of 12/31/2007.

Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States and internationally. Northrop Grumman Corp. has a market cap of $26.71 billion; its shares were traded at around $79.07 with a P/E ratio of 15.86 and P/S ratio of 0.83. The dividend yield of Northrop Grumman Corp. stocks is 1.9%.

Richard Pzena reduced to his holdings in Sempra Energy by 23.31%. The impact to his portfolio due to this sale was 1.55%. Richard Pzena still held 6,502,150 shares as of 12/31/2007.

Sempra Energy engages in the generation of electricity, and the distribution and transmission of natural gas in the United States, Europe, Canada, Mexico, South America, and Asia. Sempra Energy has a market cap of $14.54 billion; its shares were traded at around $55.61 with a P/E ratio of 15.72 and P/S ratio of 1.26. The dividend yield of Sempra Energy stocks is 2.3%.

Richard Pzena reduced to his holdings in Magna International Inc. by 25.04%. His sale prices were between $78.57 and $95.07, with an estimated average price of $86.7. The impact to his portfolio due to this sale was 1.45%. Richard Pzena still held 4,744,899 shares as of 12/31/2007.

Magna International, Inc., a diversified automotive supplier, engages in the design, development, and manufacture of automotive systems, assemblies, and modules and components, as well as in engineering and assembling complete vehicles. Magna International Inc. has a market cap of $9.07 billion; its shares were traded at around $76.51 with a P/E ratio of 12.83 and P/S ratio of 0.36. The dividend yield of Magna International Inc. stocks is 1.9%.

Richard Pzena reduced to his holdings in BP p.l.c. by 28.43%. His sale prices were between $71.31 and $77.75, with an estimated average price of $74.4. The impact to his portfolio due to this sale was 0.96%. Richard Pzena still held 3,542,369 shares as of 12/31/2007.

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. The company operates in three segments: Exploration and Production; Refining and Marketing; and Gas, Power, and Renewables. BP p.l.c. has a market cap of $202.79 billion; its shares were traded at around $64.3 with a P/E ratio of 10.75 and P/S ratio of 0.75. The dividend yield of BP p.l.c. stocks is 4.1%.

Richard Pzena reduced to his holdings in Oracle Corp. by 39.71%. The impact to his portfolio due to this sale was 0.79%. Richard Pzena still held 10,258,172 shares as of 12/31/2007.

Oracle Corporation, an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software. Oracle Corp. has a market cap of $98.57 billion; its shares were traded at around $19.19 with a P/E ratio of 21.00 and P/S ratio of 4.91.

Richard Pzena reduced to his holdings in MetLife Inc. by 64.29%. The impact to his portfolio due to this sale was 0.41%. Richard Pzena still held 2,312,361 shares as of 12/31/2007.

MetLife, Inc., through its subsidiaries, provides insurance and other financial services in the United States and internationally. The company operates in five segments: Institutional, Individual, Auto and Home, International, and Reinsurance. MetLife Inc. has a market cap of $42.75 billion; its shares were traded at around $57.72 with a P/E ratio of 6.39 and P/S ratio of 0.85. The dividend yield of MetLife Inc. stocks is 1.4%.

Richard Pzena reduced to his holdings in Sara Lee Corp. by 21.56%. His sale prices were between $15.71 and $16.83, with an estimated average price of $16.2. The impact to his portfolio due to this sale was 0.18%. Richard Pzena still held 2,908,328 shares as of 12/31/2007.

Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat products, fresh and frozen bakery products, roast and ground coffee, and household and body care products worldwide. Sara Lee Corp. has a market cap of $9.72 billion; its shares were traded at around $13.65 with a P/E ratio of 16.21 and P/S ratio of 0.77. The dividend yield of Sara Lee Corp. stocks is 3%.

Richard Pzena reduced to his holdings in Aftermarket Technology Corp. by 23.38%. His sale prices were between $27.02 and $34.3, with an estimated average price of $29.7. The impact to his portfolio due to this sale was 0.09%. Richard Pzena still held 827,875 shares as of 12/31/2007.

Aftermarket Technology Corp. and its subsidiaries provide outsourced engineering solutions and supply chain logistics services to the light and medium/heavy duty vehicle aftermarket, and consumer electronics industries in North America and Europe. Aftermarket Technology Corp. has a market cap of $547.67 million; its shares were traded at around $24.76 with a P/E ratio of 13.78 and P/S ratio of 1.06.

Richard Pzena reduced to his holdings in Horace Mann Educators Corp. by 28.14%. The impact to his portfolio due to this sale was 0.06%. Richard Pzena still held 944,949 shares as of 12/31/2007.

Horace Mann Educators Corporation, an insurance holding company, engages in marketing and underwriting personal lines of property and casualty, and life insurance, as well as retirement annuities in the United States. Horace Mann Educators Corp. has a market cap of $796.63 million; its shares were traded at around $18.38 with a P/E ratio of 8.79 and P/S ratio of 0.90. The dividend yield of Horace Mann Educators Corp. stocks is 2.4%.

Richard Pzena reduced to his holdings in Pediatrix Medical Group Inc. by 36.28%. The impact to his portfolio due to this sale was 0.05%. Richard Pzena still held 217,425 shares as of 12/31/2007.

Pediatrix Medical Group, Inc., a health care services company, provides neonatal, maternal fetal, and other pediatric subspecialty physician services in the United States and Puerto Rico. Pediatrix Medical Group Inc. has a market cap of $3.34 billion; its shares were traded at around $67.73 with a P/E ratio of 25.30 and P/S ratio of 3.73.

Richard Pzena reduced to his holdings in Protective Life Corp. by 24.61%. The impact to his portfolio due to this sale was 0.05%. Richard Pzena still held 306,075 shares as of 12/31/2007.

Protective Life Corporation, through its subsidiaries, engages in the production, distribution, and administration of insurance and investment products in the United States. Protective Life Corp. has a market cap of $2.64 billion; its shares were traded at around $37.58 with a P/E ratio of 8.55 and P/S ratio of 0.89. The dividend yield of Protective Life Corp. stocks is 2.4%.

Richard Pzena reduced to his holdings in Bowne & Co. Inc. by 49.52%. His sale prices were between $16.37 and $18.39, with an estimated average price of $17.4. The impact to his portfolio due to this sale was 0.03%. Richard Pzena still held 615,048 shares as of 12/31/2007.

Bowne & Co., Inc. operates as a financial printer worldwide, and provides services that assist companies to produce and manage investor communications, and marketing and business communications. Bowne & Co. Inc. has a market cap of $346.72 million; its shares were traded at around $12.99 with a P/E ratio of 13.46 and P/S ratio of 0.41. The dividend yield of Bowne & Co. Inc. stocks is 1.7%.

Richard Pzena reduced to his holdings in Global Payments Inc. by 42.58%. His sale prices were between $43.02 and $47.3, with an estimated average price of $44.6. The impact to his portfolio due to this sale was 0.03%. Richard Pzena still held 160,300 shares as of 12/31/2007.

Global Payments, Inc. provides payment processing and consumer money transfer services worldwide. It operates in two segments, Merchant Services and Money Transfer. Global Payments Inc. has a market cap of $3.05 billion; its shares were traded at around $38.43 with a P/E ratio of 21.00 and P/S ratio of 2.61. The dividend yield of Global Payments Inc. stocks is 0.2%.

Richard Pzena reduced to his holdings in IDACORP Inc. by 63.74%. The impact to his portfolio due to this sale was 0.02%. Richard Pzena still held 199,347 shares as of 12/31/2007.

IDACORP, Inc., through its primary subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. IDACORP Inc. has a market cap of $1.42 billion; its shares were traded at around $31.48 with a P/E ratio of 15.33 and P/S ratio of 1.65. The dividend yield of IDACORP Inc. stocks is 3.8%.

Richard Pzena reduced to his holdings in Boston Scientific Corp. by 22.18%. His sale prices were between $11.72 and $15.02, with an estimated average price of $12.9. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 226,450 shares as of 12/31/2007.

Boston Scientific Corporation engages in the development, manufacture, and marketing of medical devices that are used in interventional medical specialties worldwide. Boston Scientific Corp. has a market cap of $18.38 billion; its shares were traded at around $12.33 with P/S ratio of 2.18.

Richard Pzena reduced to his holdings in Chevron Corp. by 29.46%. His sale prices were between $85.98 and $94.86, with an estimated average price of $89.8. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 13,412 shares as of 12/31/2007.

Chevron Corp. has a market cap of $165.52 billion; its shares were traded at around $79.26 with a P/E ratio of 9.04 and P/S ratio of 0.81. The dividend yield of Chevron Corp. stocks is 2.8%.

Richard Pzena reduced to his holdings in Cabot Microelectronics Corp. by 49.88%. His sale prices were between $35.86 and $44.33, with an estimated average price of $38.6. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 106,268 shares as of 12/31/2007.

Cabot Microelectronics Corporation engages in the development, manufacture, and sale of chemical mechanical planarization (CMP) consumables. CMP is a polishing process used by integrated circuit (IC) device manufacturers to planarize or flatten. Cabot Microelectronics Corp. has a market cap of $808.21 million; its shares were traded at around $34.08 with a P/E ratio of 21.92 and P/S ratio of 2.29.

Richard Pzena reduced to his holdings in McKesson Corp. by 93.16%. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 16,725 shares as of 12/31/2007.

McKesson Corporation provides supply, information, and care management products and services for the healthcare industry. The company operates in three segments: Pharmaceutical Solutions, Medical-Surgical Solutions, and Provider Technologies. McKesson Corp. has a market cap of $16.66 billion; its shares were traded at around $57.68 with a P/E ratio of 18.49 and P/S ratio of 0.17. The dividend yield of McKesson Corp. stocks is 0.4%.

Richard Pzena reduced to his holdings in Aon Corp. by 97.08%. His sale prices were between $43.06 and $49.8, with an estimated average price of $47.3. The impact to his portfolio due to this sale was 0.01%. Richard Pzena still held 25,925 shares as of 12/31/2007.

Aon Corporation, through its subsidiaries, provides insurance and risk management, consulting, and insurance underwriting solutions worldwide. The company has three segments: Risk and Insurance Brokerage Services; Consulting; and Insurance Underwritings. Aon Corp. has a market cap of $12.22 billion; its shares were traded at around $41.9 with a P/E ratio of 15.35 and P/S ratio of 1.30. The dividend yield of Aon Corp. stocks is 1.4%.

Richard Pzena reduced to his holdings in The Western Union Company by 64.99%. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 10,250 shares as of 12/31/2007.

The Western Union Company provides a range of money transfer and bill payment services worldwide. It offers various consumer-to-consumer money transfer services, primarily through a network of third-party agents using multi-currency and real-time money transfers. The Western Union Company has a market cap of $16.25 billion; its shares were traded at around $21.67 with a P/E ratio of 19.54 and P/S ratio of 3.33. The dividend yield of The Western Union Company stocks is 0.2%.

Richard Pzena reduced to his holdings in AT&T Inc. by 31.05%. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 24,150 shares as of 12/31/2007.

AT&T, Inc. provides telecommunication services and products to residential, business, and governmental customers in the United States and internationally. AT&T Inc. has a market cap of $219.82 billion; its shares were traded at around $36.37 with a P/E ratio of 18.78 and P/S ratio of 1.88. The dividend yield of AT&T Inc. stocks is 4.5%.

Richard Pzena reduced to his holdings in Fidelity National Information Services I by 95.95%. His sale prices were between $41.73 and $47.81, with an estimated average price of $43.9. The impact to his portfolio due to this sale was less than 0.01%. Richard Pzena still held 5,550 shares as of 12/31/2007.

Fidelity National Information Services, Inc., together with its subsidiaries, provides various processing services to financial institutions in the United States. Fidelity National Information Services I has a market cap of $8.07 billion; its shares were traded at around $41.59 with a P/E ratio of 15.44 and P/S ratio of 1.76. The dividend yield of Fidelity National Information Services I stocks is 0.5%.

Richard Pzena sold out his holdings in Kennametal Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Kennametal, Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes. The company provides consumable metalcutting tools and tooling systems to manufacturing companies of various industries. Kennametal Inc. has a market cap of $2.32 billion; its shares were traded at around $30.05 with a P/E ratio of 11.91 and P/S ratio of 0.90. The dividend yield of Kennametal Inc. stocks is 1.6%.

Richard Pzena sold out his holdings in Verizon Communications Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Verizon Communications Inc. has a market cap of $104.78 billion; its shares were traded at around $36.42 with a P/E ratio of 19.15 and P/S ratio of 1.14. The dividend yield of Verizon Communications Inc. stocks is 4.6%.

Richard Pzena sold out his holdings in Union Pacific Corp.. The impact to his portfolio due to this sale was less than 0.01%.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has approximately 32,339 route miles linking Pacific Coast and Gulf Coast ports with the Midwest. Union Pacific Corp. has a market cap of $32.82 billion; its shares were traded at around $125.35 with a P/E ratio of 18.14 and P/S ratio of 2.00. The dividend yield of Union Pacific Corp. stocks is 1.5%.

Richard Pzena sold out his holdings in Johnson Controls Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Johnson Controls, Inc. is an interior experience, building efficiency, and power solutions company. It operates in three segments: Building Efficiency, Automotive Experience, and Power Solutions. Johnson Controls Inc. has a market cap of $19.85 billion; its shares were traded at around $33.43 with a P/E ratio of 15.17 and P/S ratio of 0.56. The dividend yield of Johnson Controls Inc. stocks is 1.6%.

Richard Pzena sold out his holdings in TempurPedic International Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Tempur-Pedic International, Inc. engages in the manufacture, marketing, and distribution of bedding products worldwide. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. TempurPedic International Inc. has a market cap of $1.33 billion; its shares were traded at around $17.79 with a P/E ratio of 10.22 and P/S ratio of 1.17. The dividend yield of TempurPedic International Inc. stocks is 1.7%.

Richard Pzena sold out his holdings in Goldman Sachs Group Inc. The. The impact to his portfolio due to this sale was less than 0.01%.

The Goldman Sachs Group, Inc. provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group Inc. The has a market cap of $74.06 billion; its shares were traded at around $187.07 with a P/E ratio of 7.56 and P/S ratio of 1.64. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.7%.

Richard Pzena sold out his holdings in Spherion Corp.. The impact to his portfolio due to this sale was less than 0.01%.

Spherion Corporation provides temporary staffing services, managed services, and permanent placement services in North America. It operates in two segments, Staffing Services and Professional Services. Spherion Corp. has a market cap of $353.85 million; its shares were traded at around $6.32 with a P/E ratio of 6.51 and P/S ratio of 0.19.

Richard Pzena sold out his holdings in The Progressive Corp.. The impact to his portfolio due to this sale was less than 0.01%.

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance and other specialty property-casualty insurance products and related services in the United States. The Progressive Corp. has a market cap of $12.58 billion; its shares were traded at around $18.49 with a P/E ratio of 11.23 and P/S ratio of 0.86. The dividend yield of The Progressive Corp. stocks is 0.8%.

Richard Pzena sold out his holdings in PharMerica Corp.. The impact to his portfolio due to this sale was less than 0.01%.

PharMerica Corporation operates as an institutional pharmacy services provider, which provides pharmacy solutions and customer service to institutional customers and patients in long-term care settings in the United States. PharMerica Corp. has a market cap of $444.23 million; its shares were traded at around $14.63 with P/S ratio of 0.49.

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